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HSBC and other banks are allowed to resume some dividends! Bank of England: The condition is sufficient capital

2020-12-11T15:35:29.478Z

After nine months of restrictions, the Bank of England finally announced on Thursday that it will allow major British banks, including HSBC (0005) and Barclays to resume partial dividends and bonuses, provided that these banks have sufficient capital.



Financial News

Written by: Huang Jie

2020-12-11 08:17

Last update date: 2020-12-11 08:20

After nine months of restrictions, the Bank of England finally announced on Thursday that it will allow major British banks, including HSBC (0005) and Barclays to resume partial dividends and bonuses, provided that these banks have sufficient capital to effectively combat the new crown epidemic Market volatility caused.

The Bank of England stated in the statement that it is no longer necessary to extend the dividend restrictions announced in March. If the bank's management considers it necessary to pay dividends, it can consider it on its own.

Bloomberg quoted analysts as saying that the supervisory authority’s move is rational and important for maintaining and stimulating investor interest in bank stocks.

HSBC

Source: hk1

All news articles on 2020-12-11

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